Mr. Mark Ayranto reports

BANYAN GOLD CORP. FIRST TRANCE CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Banyan Gold Corp. has closed the first tranche of its previously announced non-brokered private placement (see press release dated Feb. 17, 2015).

The first tranche consists of a non-brokered private placement financing for gross proceeds of $435,000 by the issuance of 8.7 million units of the company at a price of five cents per unit. Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each full warrant exercisable into one common share of the company at an exercise price of 7.5 cents for a period of 24 months from the date of issuance.

The warrants, which form part of the units, may have their expiry time accelerated at any time prior to the expiry of the warrants if the volume-weighted average trading price of the corporation's shares on the TSX Venture Exchange is greater than 12 cents for 15 consecutive trading days, at which time the corporation may give notice in writing to the warrantholders within 10 days of such an occurrence that the warrants shall expire on the 30th day following the giving of such notice. No commission has been paid as part of this first tranche financing. Funds will be used for general working capital and advancement of Banyan's Hyland gold project.

Directors and officers of Banyan have participated in the first tranche by acquiring two million units or $100,000 and postclose will hold approximately 34.6 per cent of the shares outstanding

We seek Safe Harbor.